Jordan: Economic Team Of New Government - Optimism Facing Difficult Reality

10/26/2011

While there is an air of optimism after the formation of a new government under 'Awn al-Khasawneh [the third government this year], the economic reality the government is likely to confront remains difficult. Among the key problems is the rise of public debt and twofold increase in budget deficit. Prices on food commodities are spiking and poverty is on the rise.

There are also problems relating to the tourism, transportation, telecommunication sectors and competitiveness in the industrial sector.

At the World Economic Forum held in Jordan last week the countries of the Gulf Cooperation Council (GCC) declared that Jordan joining the JCC will be economically beneficial to all parties, particularly given the quality of Jordan's human resources.